 Asset Class: | Office |
 Price: | $ 950000 |
 Net Yield: | 6.83 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
On offer is a premium, set-and-forget investment in one of Australia’s fastest-growing and most tightly held commercial markets. Occupied by the well-established Viden Group, an accounting firm with a strong track record, this A-grade office suite provides the security of a long-term tenant (<span style="color:rgb(51, 51, 51);">here since 2017) </span>on a 5-year lease through to September 2027, with 2x5-year options.<br><br>The property comprises 171m2* of high-quality office space on the first floor, featuring a 32m2* north-facing terrace that enhances natural light and productivity. The suite boasts floor-to-ceiling glass for an open, modern feel and is fully accessible via lift from both ground and basement levels. It includes 5 secure basement car spaces and an exclusive 6m2* storage area. Shared amenities are available on both the ground and first floors.<br><br>Strategically positioned on Hume Street, a major arterial road, this property enjoys strong exposure and accessibility, making it a standout investment. With a net income of $64,865* pa, fixed 3% or CPI annual rent increases, and a tenant responsible for 100% of outgoings including management fees.
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125km* from Brisbane CBD, Toowoomba is Australia’s second largest inland city, behind Canberra, which is home to more than 181,000 people. The council region supports a larger catchment of 16 surrounding country towns.<br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">The Toowoomba Regional Council has a Gross Regional Product of $14.76 billion, 17,390 businesses supporting 93,206 local jobs</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Healthcare and social assistance is the largest industry of employment, accounting for 18.8% of all jobs in the regional Council</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">The Toowoomba Region is nestled within Southern Queensland Country, a booming tourism destination that welcomed more than 1.9 million domestic visitors in the year ending December 2023.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> The visitors contributed an impressive $978.8 million in expenditures.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">The median house price in Toowoomba have grown by more than 36% in the last two years to $595,000, receiving a steady influx of new residents increasing demand in the suburb</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Toowoomba: commercial centre of the Darling Downs Region, servicing a retail catchment of 160,000 people.</span></p></li></ul><br><b>Key Projects</b><br><br><span style="color:rgb(51, 51, 51);font-weight:normal;"><u>Toowoomba Hospital Redevelopment</u></span><br>A $1.3 billion project aimed at expanding and modernising Toowoomba's healthcare infrastructure. The redevelopment will enhance medical services, including a new emergency department, increased capacity for surgeries, and advanced facilities for maternity and mental health services. This project will meet the growing healthcare needs of the region and create over 3,000 construction jobs.<br><br><u>Toowoomba Inland Rail</u><br>A $15 billion Inland Rail project, part of a national initiative, will connect Brisbane to Melbourne via Toowoomba, significantly enhancing freight capacity and reducing transportation costs. This transformative project is expected to drive economic growth in Toowoomba by creating thousands of jobs and improving regional connectivity, making it a critical link between regional areas and major cities across Australia<br><br><u>Wellcamp Business Park and Airport</u><br>The $1 billion Wellcamp Business Park and Airport project is transforming Toowoomba into a key logistics and business hub. As Australia's first privately built public airport, Wellcamp supports international freight and business travel, enhancing the region's connectivity. The adjoining business park aims to attract global companies with state-of-the-art facilities, driving significant economic growth and positioning Toowoomba as a vital player in global trade and logistics
Additional Location Information File<span style="color:rgb(0, 0, 0);">Viden Advisory offer their clients a turnkey solution to their financial planning, accounting and advisory needs. With 5 offices across southeast QLD and continuing to grow Viden are at the forefront of new age advisory. </span>
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6/195 Hume Street, Toowoomba - 209m2 - $310/m2 (doesn't account for 5 parking bays) 2/102 Herries Street, East Toowoomba - 166m2 - $385/m2 3/131a Herries Street, Toowoomba - 159m2 - $348/m2 4b/12 Neil Street, Toowoomba - 152m2 - $389/m2
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Set and forget investment</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Solidifed tenant, Viden Advisory Group, here since 2017 </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Total NLA: 209m2*</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Comprising 171m2* office, 32m2* verandah and 6m2* storage, plus 5 car parks</span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Net Income: $64,865 pa + GST</span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Long 5-year lease in place with 2x5-year options to 2037</span></p></li><li style="list-style-image:none;margin-inline-start:0px;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Zoned: Mixed Use</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Prime location along major arterial road</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-style:normal;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Tenant been here for 8 years</span></p></li></ul>
